Kilroy Realty (NYSE:KRC) Given New $37.00 Price Target at Scotiabank

Kilroy Realty (NYSE:KRC) had its target price reduced by analysts at Scotiabank from $38.00 to $37.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sector underperform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 0.30% from the stock’s current price.

Other analysts have also issued research reports about the stock. Jefferies Financial Group started coverage on shares of Kilroy Realty in a report on Monday, March 17th. They set a “hold” rating and a $34.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. KeyCorp lowered their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Wells Fargo & Company lowered their price target on shares of Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and an average target price of $38.00.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $36.89 on Monday. Kilroy Realty has a one year low of $27.07 and a one year high of $43.78. The stock has a fifty day moving average of $33.95 and a 200-day moving average of $34.41. The company has a market capitalization of $4.36 billion, a PE ratio of 21.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The firm had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same period in the previous year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Kilroy Realty will post 4 EPS for the current fiscal year.

Institutional Trading of Kilroy Realty

Several large investors have recently added to or reduced their stakes in KRC. Treasurer of the State of North Carolina raised its stake in Kilroy Realty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock valued at $2,079,000 after purchasing an additional 320 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Kilroy Realty by 2.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 369 shares in the last quarter. US Bancorp DE raised its stake in Kilroy Realty by 4.1% during the first quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 397 shares in the last quarter. Parallel Advisors LLC raised its stake in Kilroy Realty by 7.8% during the first quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 401 shares in the last quarter. Finally, Intrua Financial LLC raised its stake in Kilroy Realty by 8.3% during the first quarter. Intrua Financial LLC now owns 6,722 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 513 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.